A property appraisal is an estimate of price for your property in the current market.

Real estate agents specialise in answering the ‘how much is my home worth’ question, and they do it by running a comparative market analysis which involves finding similar properties that sold within the last 90 days.

The closer they are able to match your property to others sold in the area, the more accurate the appraisal will be.

Agents also consider current competition, wider market trends, the property’s structure and its condition.

Property appraisals are an excellent way of understanding your properties potential market value at that point in time.

Understanding the value of your property is a wise financial decision.

Getting an appraisal isn’t always necessarily about selling. It can also be simply about understanding what your property is worth in the current market. If you’ve recently renovated you may want to know how much value it has added to your property.

Or perhaps you’re looking to buy an investment property, considering upsizing as the family has grown, or downsizing as the family has moved out, or simply keen to find out if the value of your property has changed.

Knowing the value of what is undoubtedly one of your most valuable assets (if not the most) is a wise financial decision.